STOCK TITAN

Jacobs Selected to Design Transformative Water Infrastructure Program for Metro Vancouver

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Jacobs (NYSE: J) and AECOM have been selected to design Metro Vancouver's program to upgrade the Iona Island Wastewater Treatment Plant. The project will transform the 60-year-old facility from primary to tertiary treatment, serving nearly one million people by 2051. The upgrade aims to enhance water quality in the Fraser River, improve climate resilience, and protect public health. The program includes ecological restoration at Iona Beach Regional Park and infrastructure improvements against sea level rise. Phase one of the upgrades is planned for completion by 2027, incorporating water reuse and renewable energy generation technologies.

Jacobs (NYSE: J) e AECOM sono stati selezionati per progettare il programma di Metro Vancouver per l'aggiornamento dell'impianto di trattamento delle acque reflue di Iona Island. Il progetto trasformerà l'impianto di 60 anni da trattamento primario a trattamento terziario, servendo quasi un milione di persone entro il 2051. L'aggiornamento mira a migliorare la qualità dell'acqua nel fiume Fraser, aumentare la resilienza climatica e proteggere la salute pubblica. Il programma include il restauro ecologico al Parco Regionale di Iona Beach e miglioramenti delle infrastrutture per far fronte all'innalzamento del livello del mare. La fase uno degli aggiornamenti è prevista per essere completata entro il 2027, incorporando tecnologie di riutilizzo dell'acqua e generazione di energia rinnovabile.

Jacobs (NYSE: J) y AECOM han sido seleccionados para diseñar el programa de Metro Vancouver para modernizar la planta de tratamiento de aguas residuales de Iona Island. El proyecto transformará la instalación de 60 años de antigüedad de tratamiento primario a tratamiento terciario, atendiendo a casi un millón de personas para 2051. La modernización tiene como objetivo mejorar la calidad del agua en el río Fraser, aumentar la resiliencia climática y proteger la salud pública. El programa incluye la restauración ecológica en el Parque Regional Iona Beach y mejoras en la infraestructura contra el aumento del nivel del mar. La primera fase de las modernizaciones está prevista para finalizar en 2027, incorporando tecnologías de reutilización de agua y generación de energía renovable.

Jacobs (NYSE: J)와 AECOM이 메트로 밴쿠버의 아이오나 아일랜드 하수 처리 시설 업그레이드 프로그램 설계를 위해 선정되었습니다. 이 프로젝트는 60년 된 시설을 1차 처리에서 3차 처리로 변환하여 2051년까지 거의 백만 명에게 서비스를 제공합니다. 업그레이드는 프레이저 강의 수질을 개선하고 기후 회복력을 높이며 공공 건강을 보호하는 것을 목표로 하고 있습니다. 이 프로그램은 아이오나 비치 지역 공원의 생태 복원과 해수면 상승에 대한 인프라 개선을 포함합니다. 업그레이드 1단계는 2027년까지 완료될 예정이며, 물 재사용 및 재생 가능 에너지 생성 기술을 통합할 것입니다.

Jacobs (NYSE: J) et AECOM ont été sélectionnés pour concevoir le programme de Metro Vancouver visant à moderniser l'usine de traitement des eaux usées de l'île Iona. Le projet transformera l'installation de 60 ans, passant d'un traitement primaire à un traitement tertiaire, pour desservir près d'un million de personnes d'ici 2051. La modernisation vise à améliorer la qualité de l'eau dans le fleuve Fraser, à renforcer la résilience climatique et à protéger la santé publique. Le programme comprend la restauration écologique au parc régional de la plage Iona et des améliorations des infrastructures face à l'élévation du niveau de la mer. La première phase de la modernisation est prévue pour être achevée d'ici 2027, intégrant des technologies de réutilisation de l'eau et de production d'énergie renouvelable.

Jacobs (NYSE: J) und AECOM wurden ausgewählt, um das Programm von Metro Vancouver zur Modernisierung der Kläranlage Iona Island zu entwerfen. Das Projekt wird die 60 Jahre alte Anlage von der Primär- auf die Tertiärbehandlung umstellen und bis 2051 fast eine Million Menschen versorgen. Die Modernisierung zielt darauf ab, die Wasserqualität im Fraser River zu verbessern, die Klimaresilienz zu erhöhen und die öffentliche Gesundheit zu schützen. Das Programm umfasst ökologische Wiederherstellung im Iona Beach Regional Park und Infrastrukturverbesserungen in Bezug auf den Anstieg des Meeresspiegels. Die erste Phase der Modernisierungen soll bis 2027 abgeschlossen sein und umfasst Technologien zur Wasserwiederverwendung und Erzeugung erneuerbarer Energie.

Positive
  • Secured major infrastructure contract for Metro Vancouver's wastewater treatment upgrade
  • Project extends service capacity to serve 900,000+ residents by 2051
  • Building on existing relationship with ongoing pilot testing program
  • Long-term revenue stream through multi-year program
Negative
  • None.

Insights

This wastewater infrastructure contract represents a significant long-term revenue opportunity for Jacobs. The project's scope includes upgrading a major treatment facility serving nearly 1 million people by 2051, highlighting substantial recurring revenue potential. The joint venture with AECOM positions Jacobs strategically in the growing water infrastructure sector.

The project's focus on climate resilience and advanced treatment technologies aligns with increasing environmental regulations and infrastructure spending trends. Having already completed the Project Definition Report and leading the pilot testing program demonstrates strong project continuity and positions Jacobs favorably for additional phases. While specific contract values aren't disclosed, similar large-scale water infrastructure projects typically range in the hundreds of millions, representing meaningful backlog addition.

Wastewater investment will enhance water quality and improve climate resilience

DALLAS, Nov. 25, 2024 /PRNewswire/ -- Jacobs (NYSE: J), operating under a joint venture with AECOM, was selected to design Metro Vancouver's multi-year program to upgrade the Iona Island Wastewater Treatment Plant. One of Canada's most transformative programs, upgrading and expanding the current treatment plant will enhance water quality allowing the plant to serve nearly one million people by 2051.

The program includes transforming the over 60-year-old wastewater plant from primary treatment to a tertiary treatment facility, providing protection of public health and delivering significant environmental benefits to the receiving waters of the Salish Sea.

"In the midst of increased demand fueled by population growth, more stringent regulatory discharge requirements, and the need for operational efficiencies, new and innovative ways of expanding wastewater system capacity continue to emerge," said Jacobs Senior Vice President Katus Watson. "All water has value and can be recovered and revitalized. This is critical to delivering this transformational upgrade to Metro Vancouver's wastewater treatment and keeping local communities and coastal waters healthy for years to come."

Moving to tertiary treatment at the Iona plant will improve water quality in the nearby Fraser River, which is home to British Columbia's largest salmon population. Complementary projects in the program will enhance opportunities for community recreation, including ecological restoration projects at Iona Beach Regional Park and coastal resilience improvements to harden infrastructure against sea level rise and extreme weather events.

Drawing from experience on similar infrastructure programs, the team will design the upgrades to meet regulatory discharge requirements and use leading strategies in climate resiliency, water reuse and renewable energy generation technologies.

The Jacobs and AECOM team previously delivered the Project Definition Report for the upgrades and are currently leading Metro Vancouver's pilot testing program to trial new technologies for phase one of the upgrades, which is planned to be complete by 2027. The program is expected to ultimately improve quality of life for the more than 900,000 Vancouver residents anticipated to be served by the Iona plant in 2051.     

For more information about the Iona Wastewater Treatment Plant Projects, visit metrovancouver.org/iona.

At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world's most complex challenges. With approximately $12 billion in annual revenue and a team of almost 45,000, we provide end-to-end services in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. From advisory and consulting, feasibility, planning, design, program and lifecycle management, we're creating a more connected and sustainable world. See how at jacobs.com and connect with us on LinkedIn, InstagramX and Facebook.

Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, uncertainties as to the impact of the recently completed separation transaction pursuant to which we spun off and merged our Critical Missions Solutions and Cyber & Intelligence government services businesses with Amentum  (together, "new Amentum ") on Jacobs' and new Amentum's businesses, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation related to governmental spending, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, increased uncertainty and risks, including policy risks and potential civil unrest, relating to the outcome of elections across our key markets and elevated geopolitical tension and conflicts, among others, and the impact of any future pandemic or infectious disease outbreak, including the related reaction of governments on global and regional market conditions, among others. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K, and Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Item 1 - Legal Proceedings; and Item 1A - Risk Factors in our most recently filed Quarterly Report on Form 10-Q, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

For press/media inquiries:
media@jacobs.com  

Jacobs Logo (PRNewsfoto/Jacobs)

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/jacobs-selected-to-design-transformative-water-infrastructure-program-for-metro-vancouver-302314042.html

SOURCE Jacobs

FAQ

What is the completion date for Phase 1 of Jacobs (J) Iona Island Wastewater Treatment Plant upgrade?

Phase one of the Iona Island Wastewater Treatment Plant upgrade is planned to be complete by 2027.

How many residents will the Jacobs (J) upgraded Iona plant serve by 2051?

The upgraded Iona plant is expected to serve more than 900,000 Vancouver residents by 2051.

What type of treatment upgrade is Jacobs (J) implementing at the Iona plant?

Jacobs is upgrading the plant from primary treatment to tertiary treatment, which will improve water quality and provide better environmental protection.

What environmental benefits will Jacobs (J) Iona plant upgrade provide?

The upgrade will improve water quality in the Fraser River, enhance coastal resilience against sea level rise, and include ecological restoration at Iona Beach Regional Park.

Jacobs Solutions Inc.

NYSE:J

J Rankings

J Latest News

J Stock Data

16.87B
122.58M
1%
86.57%
1.12%
Engineering & Construction
Heavy Construction Other Than Bldg Const - Contractors
Link
United States of America
DALLAS